Extendicare (TSE:EXE) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Extendicare Inc. (TSE:EXE)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.95 and traded as high as C$9.19. Extendicare shares last traded at C$9.16, with a volume of 49,559 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXE shares. Royal Bank of Canada upped their price objective on shares of Extendicare from C$8.50 to C$9.50 in a research note on Monday, August 19th. TD Securities upped their price target on shares of Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a research report on Wednesday, September 4th.

Extendicare Stock Performance

The stock has a market capitalization of C$764.59 million, a price-to-earnings ratio of 13.47 and a beta of 1.26. The company has a 50 day simple moving average of C$8.93 and a 200-day simple moving average of C$7.95. The company has a quick ratio of 0.98, a current ratio of 0.60 and a debt-to-equity ratio of 305.80.

Extendicare (TSE:EXE) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. As a group, equities research analysts expect that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.24%. Extendicare’s dividend payout ratio (DPR) is presently 70.59%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.